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 What is goodwill in accounting terms?

Answer In accounting terms, goodwill is an intangible asset with no physical existence. Goodwill is listed as an asset on the balance sheet. It must be tested for loss in value annually.DefinitionGoodwill... Read More »
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Top Q&A For: What is goodwill in accounting terms

What Is a Negative Goodwill in Accounting?

The purpose for recording goodwill is that a company may be willing to pay more than another company's value to acquire it. This is because the target company has beneficial qualities that it doesn... Read More »
http://www.ehow.com/info_8483938_negative-goodwill-accounting.html

What does a/p stand for in accounting terms?

According to Bloomberg.com, the accounting term AP stands for accounts payable. Simply put, accounts payable are debts due. Accounts payable are classified as current liabilities on a balance sheet... Read More »
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Basic Accounting Terms?

Financial terminology can be confusing to people with no accounting background. As with any profession, there are certain technical terms that are typical of the accounting world that may not be fa... Read More »
http://www.ehow.com/list_7362291_basic-accounting-terms.html

What is reconciliation in accounting terms?

Reconciling an account is the same as balancing your checkbook. It means that you are using a period end statement with a beginning and ending balance, and matching it against your own numbers.Def... Read More »
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